The tweet was deleted by the author.
But we saved everything 🙂.
AI stocks have sold off in recent days, with declines attributed to stronger-than-expected U.S. inflation—specifically a September CPI of 3.7% year over year—and rising concerns over the costs involved in building out AI infrastructure. Puru Saxena, investment commentator and ex-fund manager, identified these as key drivers of the recent downward move.
View post on X Loading...
Earlier this month, Puru Saxena shared Michael Burry's comments on how a significant market drop could affect upcoming AI company IPOs such as OpenAI and Anthropic. In a separate commentary, Saxena noted that NDX and SPX remained in an uptrend, supported by falling bond yields and favorable seasonal trends. These observations highlight shifting sentiment around both AI equities and the broader market.